Shares of Mymetics (OTCQB: MYMX) are up more than 400% after the company announced an agreement between its Mymetics B.V. subsidiary and Sanofi Pasteur, the vaccine division of Sanofi (NYSE: SNY). The two companies will start a research project to investigate the immunogenicity of influenza vaccines based on Mymetics’ proprietary virosome technology platform in pre-clinical settings. Mymetics said the successful completion of this project could result in an additional, more extensive collaboration with Sanofi in the future.
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About Mymetics
Mymetics Corp. (OTCQB: MYMX) is a Swiss-based biotechnology company, with a Research Lab in the Netherlands, focused on the development of next-generation preventative vaccines for infectious diseases. It currently has five vaccines in its pipeline: HIV-1/AIDS, intra-nasal Influenza, Malaria, Chikungunya, Herpes Simplex Virus and the RSV vaccine. HIV, malaria and intra-nasal influenza vaccines have successfully finished Phase 1 clinical trials, while the others are in the pre-clinical phase.
Mymetics’ core technology and expertise are in the use of virosomes, lipid-based carriers containing functional fusion viral proteins and natural membrane proteins, in combination with rationally designed antigens. Mymetics’ vaccines are designed to induce protection against early transmission and infection, focusing on the mucosal immune response as a first-line defense, in combination with humoral and cellular immune responses as a second-line defense, which can be essential for the development of an effective vaccine.
Mymetics’ unique approach is being validated through partnerships with leading pharmaceutical or research organizations, including projects with PATH-MVI and the Bill and Melinda Gates Foundation. For further information, please visit www.mymetics.com
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